Brochure
Enquire- Objectives of Financial Reporting
- Characteristics and Limitations of a Financial Report
Certified GAAP Professional
BY
Vskills
Join Vskills Certified GAAP Professional Course and master finance reporting, accounting standards, compliance, and ...Read more
Online
₹ 3499
Quick Facts
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Medium of instructions
English
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Mode of learning
Self study
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Mode of Delivery
Video and Text Based
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Course overview
The Certified GAAP Professional Course offers extensive content on concepts including balance sheet presentation, profit and loss account presentation, 29 accounting standards from AS-1 to 7 and AS-9 to 29, financial instruments, GN (A)-18, and more. The training significantly focuses on characteristics, limitations, underlying assumptions, and objectives of financial reporting.
The Vskills Certified Futures Trade training programme comprises 33 modules, practice tests, sample papers, mock tests, sample study material, and a government certification valid lifelong. The course allows students to become GAAP professionals skilled in the company’s GAAP compliance needs. After finishing the curriculum, candidates will be qualified to work for the compliance and finance departments in the leading public and private organisations worldwide.
Moreover, students receive tags of ‘Vskills certified’ to enhance their job portfolio on popular job portals like Shine.com and Monster India. The Certified GAAP Professional course increases the employability of the candidates while validating their expertise in GAAP compliance.
The highlights
- Certification with lifelong validity
- Online access to LMS
- Home delivery of study material
- Sample study material
- Hard copy reading material
- Free practice tests
- Lifelong e-learning access
- Government certification
- Tutorials
- Take online exam from anywhere
- Mock tests
- Sample questions
Program offerings
- Certification with lifelong validity
- Government certification
- Tutorials
- Sample questions
- Mock tests
- Online exams
- Free practice test
- Hard copy reading material
- Sample learning content
Course and certificate fees
Fees information
₹ 3,499
- Vskills recommends that the students keep checking their official website. For updated information on the fee structure. The expenses are subject to change.
Certified GAAP Professional Fee Structure
Training Option | Fee |
Online LMS | Rs. 3,499 (plus GST) |
certificate availability
Yes
certificate providing authority
Vskills
Who it is for
The Certified GAAP Professional training course by Vskills allows increasing the career growth opportunities and job horizon of the professionals presently working in the finance, consulting, accounting, and banking industry. Graduates who want a competitive edge in their fields Can also hugely benefit from this certification programme.
Eligibility criteria
There are specific prerequisites for enrolment in the Certified GAAP Professional programme and anybody can apply for the course.
However, to receive the certification, learners must qualify a course-end test with at least 50% marks. The total marks for the exam are 50, and students must score anything equal to or more than 25.
What you will learn
Financial knowledge
Accounting proficiency
After finishing the Certified GAAP Professional Training by Vskills, you will gain expertise in the following topics:
- Fundamentals, qualitative characteristics, limitations, features, underlying assumptions, and accounting approach of a financial report
- Capital and capital maintenance
- Elements, recognition, and measurement of various elements in financial statements
- Balance sheet presentation under IAS-I, Indian, and US GAAP
- The profit and loss account presentation under the US, Indian, and IAS-I GAAP
- Accounting standards 1-7 and 9-29
- GN (A)-18
- Presentation, disclosure, and categories of financial instruments
The syllabus
The Conceptual Framework
Accounting Standard-1, Disclosure of Accounting Policies
- Indian GAAP on Disclosure of Accounting Policies
Accounting Standard-2, Valuation of Inventories
- Inventories as Assets
Accounting, Standard-3, Cash Flow Statement
- Objective
- Presentation of a Cash Flow Statement
Accounting Standard-4, Contingencies and Events Occurring
- Accounting for Events Occurring After the Balance Sheet Date Under AS-4
- Disclosure
Accounting Standard-5, Net Profit or Loss for the Period
- Presentation of Income Statement under AS-5
Accounting Standard-6, Depreciation
- Accounting for Depreciation Under AS-6
- Depreciation
- Methods of Depreciation
- Change in Method of Depreciation
Accounting Standard-7, Construction Contracts
- Accounting for Construction Contracts under AS-7
- Terms Used in AS-7
- Combining and Segmenting Construction Contracts
- Contract Revenue
- Contract Costs
- Recognition of Contract Revenue and Expenses
Accounting Standard-9, Revenue Recognition
- Accounting for Revenue under AS-9
- Sale of Goods
- Interest, Royalties and Dividends
- Effect of Uncertainties on Revenue Recognition
- Disclosure
Accounting Standard-10, Accounting for Fixed Assets
- Identifying Fixed Assets
- Components of Cost
- Self-constructed Fixed Assets
- Non-monetary Consideration
- Improvements and Repairs
- Retirements and Disposals (derecognition)
- Hire Purchases
- Joint Ownership
- Goodwill
- Disclosure
Accounting Standard-11, Changes in Foreign Exchange Rates
- AS-11
- Classification of Foreign Operations as Integral or Non-integral
- Change in the Classification of a Foreign Operation
- Disclosure
Accounting Standard-12, Accounting for Government Grants
- Accounting for Government Grants Under the Indian GAAP (AS-12)
- Accounting Treatment of Government Grants
- Recognition of Government Grants
- Non-monetary Government Grants
- Presentation of Grants Related to Revenue
- Presentation of Grants of the nature of Promoters' contribution
- Refund of Government Grants
- Disclosure
- Accounting for Investments under Indian GAAP
- Forms of Investments
- Cost of Investments
- Investment Properties
- Disposal of Investments
Accounting Standard-13, Accounting for Investments
- Accounting for Investments under Indian GAAP
- Forms of Investments
- Cost of Investments
- Investment Properties
- Disposal of Investments
Accounting Standard-14, Accounting for Amalgamations
- Accounting for Amalgamation under the Indian GAAP (AS-14)
- Types of Amalgamations
- Methods of Accounting for Amalgamations
- Treatment of Reserves of the Transferor Company on Amalgamation
- Disclosures
Accounting Standard-15, Employee Benefits
- Accounting for Employee Benefits
- Short-term Employee Benefits
- Termination Benefits
- Accounting Treatment
- Disclosures
Accounting Standard-16, Borrowing Costs
- Accounting for Borrowing Cost in AS-16
- Borrowing Costs
- A Qualifying Asset
- Borrowing Costs Eligible for Capitalisation
- Commencement of Capitalisation
- Disclosure
Accounting Standard-17, Segment Reporting
- Segment Reporting Under AS-17
- Accounting Standards Interpretation (ASI 22)
- Allocation
- Primary and Secondary Segment Reporting Formats
- Matrix Presentation
- Business and Geographical Segments
- Identifying Reportable Segments (Quantitative Thresholds)
- Segment Accounting Policies
- Primary Reporting Format
- Secondary Segment Information
- Disclosures
Accounting Standard-18, Related Party Disclosures
- Related Party Disclosures
- Accounting Standards Interpretation (ASI)21
- The Related Party Issue
- Disclosure
Accounting Standard-19, Accounting for Leases
- Accounting for Lease
- Classification of Leases
- Leases in the Financial Statements of Lessees
- Leases in the Financial Statements of Lessors
- Sale and Leaseback Transactions
Accounting Standard-20, Earnings Per Share
- Presentation and Calculation of EPS
- Basic Earnings per Share
- Diluted Earnings Per Share
- Presentation
Accounting Standard-21, Consolidated Financial Statements
- Consolidation Principles under AS-21
- Circumstances for Consolidated Financial Statements
- Loss of Control
- Consolidation Procedures
- Cost of Control
- Minority Interest
- Other Points
- Disposal of Holding
- Disclosure
Accounting Standard-22 Accounting for Taxes on Income
- Income Taxes Under AS-22
- Recognition
- Measurement
- Review of Deferred Tax Assets
- Disclosure
- Relevant Accounting Standards Interpretations
Accounting Standard-23, Accounting for Investments in Associates in Consolidated
- Accounting for Investment in Associates
- Associates Accounted for Using the Equity Method
- Contingencies
- Disclosure
- Relevant Accounting Standards Interpretations
Accounting Standard-24, Discounting Operations
- Accounting for Discontinuing Operations under AS-24
- Discontinuing Operation
- Initial Disclosure Event
- Recognition and Measurement
Accounting Standard-25, Interim Financial Reporting
- Interim Financial Reporting
- Selected Explanatory Notes
- Periods for which Interim Financial Statements are required to be presented
- Materiality
- Disclosure in Annual Financial Statements
- Accounting Policies
- Revenue Received Seasonally or Occasionally
- Accounting Standards Interpretation (ASI 27): Applicability
Accounting Standard-26, Accounting for Intangible Assets
- Accounting for Intangible Assets in AS-26
- Intangible Assets
- Recognition and Initial Measurement of an Intangible Asset
- Separate Acquisition
- Internally Generated Intangible Assets
- Cost of an Internally Generated Intangible Asset
- Items to be Recognised as an Expense
- Amortisation Period
- Retirements and Disposals
- Disclosure
Accounting Standard-27, Financial Reporting of Interests in Joint Ventures
- Accounting for Joint Ventures
- Contractual Arrangement
- Forms of Joint Ventures
- Consolidated Financial Statements of A Venturer
- Transactions between a Venturer and Joint Venture
- Disclosures
Accounting Standard-28, Impairment of Assets
- Accounting for Impairment Loss under AS-28
- Assessment
- Measurement of Recoverable Amount
- Basis for Estimates of Future Cash Flows
- Composition of Estimates of Future Cash Flows
- Recognition and Measurement of an Impairment Loss
- Identification of the Cash-Generating Unit
- Goodwill
- Corporate Assets
- Impairment Loss for a Cash-Generating Unit
- Disclosure
Accounting Standard-29, Provisions, Contingent Liabilities, and Contingent Assets
- AS-29 Provisions, Contingent Liabilities, and Contingent Assets
- Provisions
- Present Obligation
- Reliable Estimate of the Obligation
- Contingent Liabilities
- Contingent Assets
- Future Events
- Expected Disposal of Assets
- Reimbursements
- Changes in Provisions
- Application of the Recognition And Measurement Rules
Admission details
Step 1: Log on to the official website of Vskills.
Step 2: Here on the homepage, locate the ‘Certifications’ icon, click on it, and choose the ‘Accounting, Banking, and Finance’ option. Pick your course ‘Certified GAAP Professional.’
Step 3: Now, find the ‘buy now’ option. You will land on the ‘checkout page.
Step 4: To further proceed, make an account and register yourself on Vskills. Provide your first name, last name, email address, phone number, region, customer group, and country details. Create and confirm a login password.
Step 5: Those who have a pre-existing Vskills account can simply log in to apply for the course.
Step 6: Review the course fee, programme name, and certification code and click on ‘confirm order’.
Step 7: On the payment page, you can choose a suitable model of the transaction, including credit/debit card, net banking, UPI, or digital wallet
Filling the form
Learners can apply for the Certified GAAP Professional course programme by creating an account on Vskills. The process requires them to furnish their name, contact number, email address, city, country, and state details. Students will be able to access the online LMS once their payment is done.
Evaluation process
Vskills conducts an online exam with 50 multiple-choice questions (MCQs) to carefully evaluate the skills of candidates before awarding the certification. The exam has a duration of one hour, and students are required to score at least 25 marks to clear the test. Vskills also provides practice tests, tutorials, sample question papers, and mock tests.
How it helps
After pursuing the Online Certified GAAP Professional Programme, candidates will master the balance sheet presentation, accounting standards, financial instruments, and financial reporting. The certification will help participants become skilled GAAP professional who can guarantee proper fulfilment to GAAP Accounting standards.
Several private and public companies worldwide are regularly recruiting Certified GAAP Professionals for their compliance, account, and finance departments. This certification will advance the job prospects for learners and present numerous opportunities for the candidates to improve their CV and job portfolio. Students also receive tags of ‘Vskills Certified’ on their Monster India and Shine.com job profiles.
FAQs
What is the validity of my certification?
Your certification is valid lifelong.
Is there a fixed period in which I have to finish the course?
Although there is no stipulated duration for the Certified GAAP Professional training course, however, candidates should sit for the course-end assessment within a year from the date of purchase.
Will Vskills provide a hard copy of the study material for this course?
Yes. Vskills will send the entire study content straight to your postal address. The delivery may take 7-10 days depending on the circumstances.
What kind of payment methods does the course support?
You can pay digitally via credit card, debit card, wallet, net banking, or UPI ID, depending on your convenience.
What is the Vskills certification exam format?
The online exam will consist of 50 MCQs with each question of 1 mark. Exam duration will be 60 minutes. There is no negative marking.
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